EMERGING MARKET MULTINATIONALS: HOW LATECOMERS HAVE BECOME GLOBAL CHALLENGERS

The affirmation of multinational companies from emerging economies in the global economic area is often discussed as one of the significant trends in recent decades. Traditionally, literature on IB has developed a vein around the issue of multinational companies from developed economies. However, multinational companies from emerging economies offer a particular context that has imposed a paradigm shift and a refinement of approaches, which are also dictated by the specificities of developing economies. In this exploratory research, based on information provided by UNCTAD and Fortune Global 500 list, we aim to identify a series of trends and peculiarities in the corporate universe of developing economies. The analysis carried out leads to a series of conclusions regarding the dynamics and configuration of the world's most important multinational companies from developing economies. Although it is mainly an exploratory research, we appreciate that this approach leads to a deeper level of analysis, expanding the area of knowledge in the field, and creating a framework for new investigative perspectives.